The government of Pakistan took another appreciatable step by teaching students to calculate tax. Students enrolled in the schools and colleges within Islamabad will now be taught lessons regarding the importance of paying taxes.
By doing so, students will be taught the importance of paying taxes to promote a tax-based culture in the country.
For this very reason, the Federal Board of Revenue (FBR) has signed a special Letter of Understanding (LoU) with the Federal Directorate of Education (FDE).
On Wednesday, Chief of Facilitation and Taxpayer Education (FATE) Wing of FBR, Ayesha Farooq, and Director-General FDE, Zia Batool, signed the LoU in an official ceremony. The ceremony was held at the Federal Education Ministry.
Federal Education Minister, Shafqat Mahmood, Parliamentary Secretary on Education Wajiha Akram Khan, Chairman FBR, Javed Ghani, Federal Secretary Farah Hamid Khan, Additional Secretary Mohyuddin Wani, and senior officials of the FBR also attended the ceremony.
Shafqat Mahmood said that
“The federal government has introduced many reforms to expand the country’s existing tax base, he said, adding that the LOU is part of those reforms.”
He further informs that, In FDE-run schools and colleges, students will be taught tax-related cultural lessons. In this manner, students will be able to understand the tax-culture and awareness at their early age.
Moreover, the Education Ministry will include specific sets of experiential learning activities in the syllabus of the students. Certainly, that will enable them to become responsible citizens.
How Tax Education will help?
Tax knowledge can contribute to shaping attitudes towards compliance. Citizens with better tax education can navigate complex tax systems and can avoid overpayment due to intricate reporting requirements. They may be more encouraged to comply voluntarily.
Knowing how tax works can help you maximize your earnings, get more from your savings, and ensure you’re the master of your Student Finance.
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